Has Europe’s BlackRock outgrown its pond?
Amundi is betting on China and technology to shore up income
THE PRACTICE of elevating a company’s chief executive to chairman has come to be frowned upon, if only because a new boss often struggles to break free if her predecessor is looking over her shoulder. Not so at Amundi, Europe’s biggest money manager. In May Yves Perrier, its CEO since 2010, will move upstairs and Valérie Baudson, his current deputy, takes the helm as chief executive. Shareholders have reacted to the news rather well: Amundi’s share price has risen by 11% since it was announced in February.
This article appeared in the Finance & economics section of the print edition under the headline “Alpha plus”
Finance & economics April 24th 2021
- Sanctions are now a central tool of governments’ foreign policy
- The pitfalls of trading geopolitical risk
- The woes of Huarong pose dilemmas for Beijing
- Isaiah Andrews wins the John Bates Clark Medal
- One emerging-market worry gives way to another
- Has Europe’s BlackRock outgrown its pond?
- How to think about vaccines and patents in a pandemic
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